TD SYNNEX (NYSE:SNX) Stock Rating Upgraded by Wall Street Zen

TD SYNNEX (NYSE:SNX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research analysts have also weighed in on SNX. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. UBS Group boosted their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Barclays decreased their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, January 9th. Finally, Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX Stock Down 0.0%

SNX stock opened at $161.27 on Friday. The stock has a market capitalization of $13.00 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a fifty day moving average of $155.97 and a 200-day moving average of $153.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. TD SYNNEX has a one year low of $92.23 and a one year high of $175.56.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, analysts expect that TD SYNNEX will post 11.88 EPS for the current year.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Merline Saintil sold 168 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total transaction of $25,767.84. Following the completion of the transaction, the director owned 7,162 shares of the company’s stock, valued at approximately $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the sale, the chief executive officer owned 170,928 shares in the company, valued at $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 85,916 shares of company stock valued at $13,871,759 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of TD SYNNEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ossiam boosted its stake in shares of TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Dorato Capital Management purchased a new position in shares of TD SYNNEX during the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in TD SYNNEX during the third quarter worth approximately $30,000. Aster Capital Management DIFC Ltd purchased a new stake in TD SYNNEX in the 4th quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in TD SYNNEX in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.